MIRA INFORM REPORT
|
Report No. : |
355357 |
|
Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
TECHNO SATCOMM INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
428, Rawal Building No.1, 1st Floor, D. B. Marg, Lamington Road,
Mumbai-400004, Maharashtra |
|
Tel. No.: |
91-22-23863781 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
24.01.2008 |
|
|
|
|
Com. Reg. No.: |
11-178194 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.392 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2008PTC178194 |
|
|
|
|
IEC No.: |
0308020502 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMT17246F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT8932D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Electronic Goods also engaged into Telecom System Integration.
(Confirmed by Management) |
|
|
|
|
No. of Employees
: |
52 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2008 having moderate track. Management has failed to file its financials for FY 15 with Registrar
of Companies. As per Registrar of Companies the date of balance sheet i.e. financial
filed is shown as 31.03.2014 but the documents related to the FY 13 and FY 14
both are not available from any sources. As per financials of 2012, profitability and reserves of the company
is low. However, Business is active as per company status shown in the
Registrar of Companies. No Payment terms are known. The company can be considered for business dealings on safe and
secured trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Srivam Satyanarayan |
|
Designation : |
Chief Accountant |
|
Contact No.: |
91-22-23865459 |
|
Date : |
16.12.2015 |
LOCATIONS
|
Registered Office : |
428, Rawal Building No.1, 1st Floor, D. B. Marg, Lamington Road,
Mumbai-400004, Maharashtra, India |
|
Tel. No.: |
91-22-23863781/ 23880634/ 23868058 |
|
Mobile No.: |
91-9987115764 (Mr. Mayekar) |
|
Fax No.: |
91-22-23828962 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Manek Chambers, B, 299 A, Lamington Road, Mumbai – 400004,
Maharashtra, India |
|
Tel. No.: |
91-22-23865458/ 59 |
|
Fax No.: |
91-22-23865262 |
|
|
|
|
Branch Office 1 : |
Rajawadi, 4G, 21 Garcha, 1st Lane, Kolkata – 700019, West
Bengal, India |
|
Tel. No.: |
91-33-24617262 |
|
Fax No.: |
91-33-24617262 |
|
|
|
|
Branch Office 2 : |
7/12, South Patel Nagar, Near Patel Nagar Railway Station, New Delhi –
110008, India |
|
Tel. No.: |
91-11-25843320 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Niravkumar Hasmukh Dave |
|
Designation : |
Director |
|
Address : |
C-2, Pannalal Terrace, Ground Floor, Lamington Road, Grant
Road, Mumbai- 400007, Maharashtra, India |
|
Date of Birth/Age : |
12.07.1981 |
|
Date of Appointment : |
24.01.2008 |
|
DIN No.: |
01944982 |
|
|
|
|
Name : |
Mr. Jay Hasmukh Dave |
|
Designation : |
Director |
|
Address : |
C-2,Pannalal Terrace, Dr. D. B.Marg., Lamington Road,Grant
Road, Mumbai-400007, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1979 |
|
Date of Appointment : |
24.01.2008 |
|
DIN No.: |
01885038 |
KEY EXECUTIVES
|
Name : |
Mr. Srivam Satyanarayan |
|
Designation : |
Chief Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jay Hasmukh Dave |
|
104575 |
|
Niravkumar Hasmukh Dave |
|
186639 |
|
H P Dave |
|
78592 |
|
Dinesh Dave |
|
8800 |
|
Jaidev Bhatt |
|
2300 |
|
Sandip Amrutia |
|
2300 |
|
Dharmistha Dave |
|
17164 |
|
Total |
|
400370 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Electronic Goods also engaged into Telecom System
Integration. (Confirmed by Management) |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· Belgium · UK |
|
|
|
|
Imports : |
|
|
Products : |
Telecom Products |
|
Countries : |
· Singapore · China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Citibase Multi Trade Private Limited · Samudra Finvest Private Limited · Rajesh Private Limited · Suzuki Private Limited · Eco Recycling Limited |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
· Alchemist Corporation Limited · TVC Sky Shop Limited · Niki Jewels · C. N. Overseas · Gold Star Poly Weave Limited |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
52 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Bankers : |
· HDFC Bank Limited · Bharat Co-Operative Bank Limited |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
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|
Banking Relations
: |
-- |
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|
|
|
Auditors : |
|
|
Name : |
H.M. Sukhia and Company Chartered Accountants |
|
Address : |
101, Orchid Apartments, Charter Road No. 7, Borivali (East),
Mumbai-400066, Maharashtra, India |
|
Tel. No.: |
91-22-28645087/ 88 |
|
Mobile No.: |
91-9773508800/ 9594508800 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAEPS0168D |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs. 60.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 54.692
Million
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 100/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400,370 |
Equity Shares |
Rs. 100/- each |
Rs. 40.037
Million |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
93920 |
Equity Shares |
Rs.100/- each |
Rs.9.392
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
9.392 |
2.000 |
|
(b) Reserves & Surplus |
|
3.420 |
6.806 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
12.812 |
8.806 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
22.213 |
18.019 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
22.213 |
18.019 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
15.781 |
0.402 |
|
(b)
Trade payables |
|
131.219 |
91.491 |
|
(c)
Other current liabilities |
|
0.000 |
0.000 |
|
(d)
Short-term provisions |
|
1.907 |
0.913 |
|
Total
Current Liabilities (4) |
|
148.907 |
92.806 |
|
|
|
|
|
|
TOTAL |
|
183.932 |
119.631 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
2.497 |
1.822 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
1.900 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
1.569 |
0.696 |
|
(e)
Other Non-current assets |
|
0.901 |
0.100 |
|
Total
Non-Current Assets |
|
4.967 |
4.518 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
28.262 |
10.547 |
|
(c)
Trade receivables |
|
130.949 |
103.334 |
|
(d)
Cash and cash equivalents |
|
3.816 |
1.147 |
|
(e)
Short-term loans and advances |
|
15.912 |
0.085 |
|
(f)
Other current assets |
|
0.026 |
0.000 |
|
Total
Current Assets |
|
178.965 |
115.113 |
|
|
|
|
|
|
TOTAL |
|
183.932 |
119.631 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.841 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.230 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.071 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
3.797 |
|
|
TOTAL BORROWING |
|
|
3.797 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.868 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.958 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.590 |
|
|
Sundry Debtors |
|
|
30.358 |
|
|
Cash & Bank Balances |
|
|
0.053 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.055 |
|
Total
Current Assets |
|
|
31.056 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
25.882 |
|
|
Provisions |
|
|
0.589 |
|
Total
Current Liabilities |
|
|
26.471 |
|
|
Net Current Assets |
|
|
4.585 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.325 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.868 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
325.407 |
157.892 |
126.075 |
|
|
|
Other Income |
1.172 |
2.348 |
0.604 |
|
|
|
TOTAL (A) |
326.579 |
160.240 |
126.679 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
315.724 |
155.911 |
122.426 |
|
|
|
Employees benefits expense |
1.321 |
0.369 |
0.000 |
|
|
|
Other expenses |
3.869 |
2.696 |
2.969 |
|
|
|
TOTAL (B) |
320.914 |
158.976 |
125.395 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.665 |
1.264 |
1.284 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.111 |
0.000 |
0.212 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.554 |
1.264 |
1.072 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.275 |
0.000 |
0.205 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.279 |
1.264 |
0.867 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.013 |
0.324 |
0.268 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.266 |
0.940 |
0.599 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
85.57 |
111.80 |
-- |
|
|
|
Diluted
|
97.49 |
66.20 |
-- |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.70 |
0.60 |
0.48 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.74 |
0.80 |
1.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.78 |
1.07 |
2.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.14 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.97 |
2.09 |
1.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.24 |
8.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2.000 |
9.392 |
|
Reserves & Surplus |
6.806 |
3.420 |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
|
Net
worth |
8.806 |
12.812 |
|
|
|
|
|
Long-term borrowings |
18.019 |
22.213 |
|
Short term borrowings |
0.402 |
15.781 |
|
Total
borrowings |
18.421 |
37.994 |
|
Debt/Equity
ratio |
2.092 |
2.966 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
126.075 |
157.892 |
325.407 |
|
|
|
25.237 |
106.095 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
126.075 |
157.892 |
325.407 |
|
Profit |
0.599 |
0.940 |
2.266 |
|
|
0.48% |
0.60% |
0.70% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10380442 |
15/09/2012 |
654,000.00 |
BANK OF INDIA |
VILE PARLE (EAST)
BRANCH, PARDHI HOUSE, 52,, HANU |
B59654830 |
|
2 |
10285119 |
10/02/2015 * |
140,000,000.00 |
BANK OF INDIA |
VILE PARLE (EAST)
BRANCH , PARDHI HOUSE ,, HANUMA |
C45889987 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2012 (Rs.
In Million) |
31.03.2011 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Directors |
|
|
|
Nirav H Dave |
0.893 |
0.001 |
|
From Shareholders |
21.320 |
18.018 |
|
|
|
|
|
Total |
22.213 |
18.019 |
OPERATIONS:
The Company is approaching
prospective customer for telecom and other communication technology business; however,
the company continues to face stiff competition and trying its best to get the
quality business.
FINANCIAL
ACTIVITY:
During the, the Company
earned a Net Profit Before Tax of Rs. 1.264 Million as compared to Rs. 3.279
Million in the previous year.
FIXED ASSETS:
Tangible Assets
· Mobile Phone
· Air Conditioner
· Biometic Attendance System
· EPBX System
· Refrigerator
· Furniture and Fixtures
· Project Designing and Fabrication
· Telephone Instruments
· Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 66.65 |
|
|
1 |
Rs. 99.61 |
|
Euro |
1 |
Rs. 72.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
-- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.